Atmos Energy Corporation (NYSE:ATO) – Stock analysts at Seaport Global Securities raised their FY2017 earnings per share estimates for shares of Atmos Energy Corporation in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Levin now forecasts that the utilities provider will post earnings of $3.62 per share for the year, up from their prior forecast of $3.60. Seaport Global Securities also issued estimates for Atmos Energy Corporation’s FY2018 earnings at $3.85 EPS and FY2019 earnings at $4.10 EPS.

Atmos Energy Corporation (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analyst estimates of $596.52 million. During the same period last year, the firm earned $0.64 EPS. COPYRIGHT VIOLATION WARNING: “Seaport Global Securities Equities Analysts Increase Earnings Estimates for Atmos Energy Corporation (ATO)” was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/08/seaport-global-securities-equities-analysts-increase-earnings-estimates-for-atmos-energy-corporation-ato.html.

A number of other research analysts have also weighed in on the company. Barclays PLC set a $84.00 target price on Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Argus raised their target price on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Atmos Energy Corporation has an average rating of “Buy” and a consensus target price of $86.83.

Atmos Energy Corporation (NYSE:ATO) opened at 86.88 on Monday. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 23.32 and a beta of 0.39. The firm’s 50 day moving average price is $84.51 and its 200 day moving average price is $80.57. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $87.43.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.80 dividend on an annualized basis and a yield of 2.07%. Atmos Energy Corporation’s dividend payout ratio (DPR) is currently 48.13%.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Atmos Energy Corporation by 2,710.9% in the first quarter. BlackRock Inc. now owns 9,380,848 shares of the utilities provider’s stock worth $740,992,000 after buying an additional 9,047,115 shares during the period. Vanguard Group Inc. raised its stake in shares of Atmos Energy Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 10,124,106 shares of the utilities provider’s stock worth $799,703,000 after buying an additional 712,731 shares during the period. American Century Companies Inc. raised its stake in shares of Atmos Energy Corporation by 18.4% in the first quarter. American Century Companies Inc. now owns 2,738,696 shares of the utilities provider’s stock worth $216,330,000 after buying an additional 425,986 shares during the period. Magellan Asset Management Ltd raised its stake in shares of Atmos Energy Corporation by 61.0% in the first quarter. Magellan Asset Management Ltd now owns 997,561 shares of the utilities provider’s stock worth $79,000,000 after buying an additional 377,996 shares during the period. Finally, Marshall Wace North America L.P. raised its stake in shares of Atmos Energy Corporation by 575.3% in the second quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock worth $33,600,000 after buying an additional 344,875 shares during the period. Institutional investors and hedge funds own 72.10% of the company’s stock.

About Atmos Energy Corporation

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

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